FTAI Aviation (NASDAQ:FTAI) Shares Gap Up After Analyst Upgrade

FTAI Aviation Ltd. (NASDAQ:FTAIGet Free Report) gapped up before the market opened on Wednesday after BTIG Research raised their price target on the stock from $340.00 to $400.00. The stock had previously closed at $210.25, but opened at $225.70. BTIG Research currently has a buy rating on the stock. FTAI Aviation shares last traded at $224.99, with a volume of 672,099 shares traded.

A number of other equities analysts also recently weighed in on FTAI. Weiss Ratings raised shares of FTAI Aviation from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 17th. Morgan Stanley reissued an “overweight” rating and set a $319.00 price target on shares of FTAI Aviation in a research note on Friday, May 8th. Citizens Jmp started coverage on shares of FTAI Aviation in a report on Wednesday, July 15th. They issued a “market outperform” rating and a $375.00 price target for the company. Jefferies Financial Group restated a “buy” rating and issued a $400.00 price objective on shares of FTAI Aviation in a research report on Sunday, May 3rd. Finally, Zacks Research downgraded FTAI Aviation from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. Ten research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $340.62.

Get Our Latest Analysis on FTAI Aviation

Insider Activity

In other news, Director Judith A. Hannaway sold 255 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $253.89, for a total value of $64,741.95. Following the transaction, the director owned 3,012 shares of the company’s stock, valued at approximately $764,716.68. This trade represents a 7.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Martin Tuchman sold 143,584 shares of FTAI Aviation stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $242.44, for a total transaction of $34,810,504.96. Following the sale, the director owned 236,302 shares of the company’s stock, valued at approximately $57,289,056.88. This represents a 37.80% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 254,515 shares of company stock worth $61,599,445 in the last ninety days. Insiders own 1.35% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Root Financial Partners LLC grew its position in shares of FTAI Aviation by 40.9% during the 1st quarter. Root Financial Partners LLC now owns 155 shares of the financial services provider’s stock worth $38,000 after buying an additional 45 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of FTAI Aviation by 1.2% in the 4th quarter. The Manufacturers Life Insurance Company now owns 4,454 shares of the financial services provider’s stock valued at $877,000 after acquiring an additional 52 shares during the period. MetLife Investment Management LLC raised its position in shares of FTAI Aviation by 0.9% in the 4th quarter. MetLife Investment Management LLC now owns 6,578 shares of the financial services provider’s stock valued at $1,295,000 after acquiring an additional 57 shares during the period. SJS Investment Consulting Inc. boosted its stake in FTAI Aviation by 122.9% during the 1st quarter. SJS Investment Consulting Inc. now owns 107 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 59 shares during the last quarter. Finally, Compound Planning Inc. boosted its stake in FTAI Aviation by 2.7% during the 1st quarter. Compound Planning Inc. now owns 2,287 shares of the financial services provider’s stock worth $560,000 after acquiring an additional 60 shares during the last quarter. Institutional investors and hedge funds own 88.96% of the company’s stock.

FTAI Aviation Stock Performance

The stock has a market cap of $22.24 billion, a price-to-earnings ratio of 43.02, a PEG ratio of 0.90 and a beta of 1.46. The stock’s fifty day moving average is $242.53 and its 200-day moving average is $254.73. The company has a quick ratio of 2.48, a current ratio of 5.24 and a debt-to-equity ratio of 8.00.

FTAI Aviation (NASDAQ:FTAIGet Free Report) last issued its earnings results on Wednesday, April 29th. The financial services provider reported $1.29 EPS for the quarter, missing the consensus estimate of $1.61 by ($0.32). The firm had revenue of $830.70 million during the quarter. FTAI Aviation had a net margin of 18.92% and a return on equity of 181.43%. The business’s quarterly revenue was up 65.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.87 earnings per share. On average, analysts forecast that FTAI Aviation Ltd. will post 6.77 EPS for the current year.

FTAI Aviation Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Wednesday, May 13th were given a $0.45 dividend. The ex-dividend date was Wednesday, May 13th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.8%. FTAI Aviation’s dividend payout ratio is currently 31.75%.

FTAI Aviation Company Profile

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FTAI Aviation (NASDAQ: FTAI) is a commercial aircraft leasing company that acquires, manages and leases wide-body jet aircraft to airlines globally. The company’s portfolio is focused on modern, fuel-efficient Boeing models, including the 767, 777 and 787 families, which are deployed under long-term operating leases. By concentrating on in-demand wide-body assets, FTAI Aviation seeks to deliver stable cash flows through lease rentals and maintenance reserve collections while providing airlines with flexible fleet solutions.

In addition to lease origination, FTAI Aviation offers end-to-end asset management services.

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